TMCnet News

Military Wearables Market Worth $6.4 Billion by 2025 - Exclusive Report by MarketsandMarkets™
[May 14, 2019]

Military Wearables Market Worth $6.4 Billion by 2025 - Exclusive Report by MarketsandMarkets™


CHICAGO, May 14, 2019 /PRNewswire/ -- According to the new market research report on the "Military Wearables Market by End User (Land, Airborne, and Naval), Technology (Communication and Computing, Connectivity, Navigation, Vision & Surveillance, Exoskeleton, Power & Energy Management), Wearable Type, Region - Global Forecast to 2025", published by MarketsandMarkets™, the Military Wearables Market is projected to grow from USD 4.2 billion in 2019 to USD 6.4 billion by 2025, at a CAGR of 7.17% from 2019 to 2025.

MarketsandMarkets Logo

Ask for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105612791

Growing demand for military wearables due to increased spending of countries on soldier modernization programs, rising instances of cross-border conflicts, and increasing incidences of asymmetric warfare across the globe are major factors driving the growth of the military wearables market.

"Increasing defense spending and ongoing soldier modernization programs are key factors fueling the growth of the military wearables market across the globe."

Growing adoption of military wearables due to rising instances of asymmetric warfare and increasing demand for improved and efficient military wearables to reduce troop casualties across the globe are expected to fuel the growth of the military wearables market. Decline in defense spending and procurement of conventional warfare systems rather than advanced military wearables by emerging economies are expected to restrain the growth of the market during the forecast period.

"Based on end user, the airborne forces segment of the military wearables market is projected to grow at the highest CAGR during the forecast period."

Based on end user, the military wearables market has been segmented into land forces, naval forces, and airborne forces. The airborne forces segment of the military wearables market is projected to grow at the highest CAGR during the forecast period. Military forces of different countries across the globe have increased the use of military wearables to enhance the warfighting capabilities of their soldiers.

"The bodywear segment is projected to lead the military wearables market from 2019 to 2025."

Based on wearable type, the military wearables market has been segmented into headwear, eyewear, wristwear, earables, and bodywear. The eyewear segment of the market is projected to grow at the highest CAGR during the forecast period. The demand for different types of wearables is increasing across the globe depending on their use and adoption in various military missions. Augmented Reality (AR) and Virtual Reality (VR) based eyewear products are expected to witness increased demand from defense forces worldwide for warfare and training activities.



"The North America military wearables market is projected to grow at the highest CAGR during the forecast period."

The North America military wearables market is projected to grow at the highest CAGR from 2019 to 2025. The growth of the market in this region can be attributed to the rising demand for military wearables from defense forces of different countries of the region. The North American region has the presence of countries such as the US and Canada, which are investing in the development of modern integrated wearable technologies. Moreover, increasing product developments and investments in the military wearables ecosystem by defense research agencies, large Original Equipment Manufacturers (OEMs), and start-ups are leading to the growth of the military wearables market in North America.


Browse in-depth TOC on "Military Wearables Market"

80 – Tables

49 – Figures

164 – Pages

Request Sample pages of the Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=105612791

Major companies profiled in the report are Lockheed Martin Corporation (US), BAE Systems Plc. (UK), Elbit Systems Ltd. (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), General Dynamics Corporation (US), Harris Corporation (US), L3 Technologies (US), Rheinmetall AG (Germany), and Safran (France), among others.

Please Explore Relevant Reports:

Soldier Systems Market by End User (Military, Homeland Security), Type (Personal Protection, Communication, Power and Transmission, Surveillance and Target Acquisition, Navigation and Health Monitoring, Vision), Region - Global Forecast to 2023

Military Battery Market by Platform (Aviation, Land, Marine, Space, Munition), End User (OEM, Aftermarket), Type (Rechargeable, Non-Rechargeable), Offering, Power Density, Energy Consumption, Application, Composition, and Region - Global Forecast to 2023

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/military-wearable-market.asp   
Visit Our Web Site: https://www.marketsandmarkets.com

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg


[ Back To TMCnet.com's Homepage ]